Solana, XRP, and SUI Exhibit Price Surges Amid Altcoin Interest – Coincu

Key Points:

  • Solana, XRP, SUI attract attention due to notable price movements.
  • Solana’s 8.65% surge highlights increasing trading interest.
  • SUI leads with a 19.42% price increase, signaling robust momentum.
Solana, XRP, and SUI Exhibit Price Surges Amid Altcoin InterestSolana, XRP, and SUI Exhibit Price Surges Amid Altcoin Interest

SOL, XRP, and SUI exhibit significant bullish momentum as each breaks from prolonged downtrends, with SOL testing a key resistance zone, XRP attempting to exit its range, and SUI making a decisive breakout.

SOL testing a $157–$166 supply zone, with strong volumes suggesting institutional interest. XRP challenges $2.36 resistance, looking for confirmation. SUI breaks above $2.83, setting the stage for a run towards $5.36. Analyst eyes focus on breakout confirmations.

Solana Price Jumps 8.65% with Overbought Signals

Solana’s price surged by 8.65% to $158.83, driven by increased trading volume reaching $6,576,931,663. With a market cap of $82,435,701,776, its dominance rose to 2.62%, marking a 5.05% weekly gain.

The RSI at 73.61 suggests overbought conditions, while a CCI of 181.48 indicates neutrality. Despite the bullish StochRSI at 35.88, the MACD’s bearish 4.67 signals caution amid possible upside potential.

Solana (SOL) Technical Analysis

SOL has recently reversed from a prolonged downtrend that began in late December 2024. After forming a double bottom near the $115–$120 range, price surged sharply and is now testing a key supply zone near $157–$166. This area aligns with previous structural support turned resistance from earlier consolidation.

The current price action shows an aggressive push upwards (+7.88%) on the daily, signaling a potential breakout attempt from a multi-week accumulation base.

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Solana(SOL), daily chart, screenshot on TradingView at 17:50 UTC on May 8, 2025. Source: TradingView

The latest daily candle is a wide-bodied bullish candle with minimal upper wick, closing near the high. This signals strong buying conviction. Volume has also surged, confirming institutional interest and reducing the odds of a fake breakout.

Previous candles showed consolidation with tight ranges and decreasing volume—typical signs of absorption before expansion.

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Technical Chart: Solana(SOL) Potential Price Paths on TradingView at 17:50 UTC on May 8, 2025. Source: TradingView

Solana Price Action Scenarios

  • Bullish: If price breaks and holds above $166, it may rally toward $190 and extend to $247.
  • Bearish:If the $157 support (now flipped) fails, price could drop back to the $133.11 level or deeper into the $120–$115 demand zone.
  • Neutral: Sideways movement likely if volume dries near the $157–$166 band, suggesting indecision or trap formation.

Read more: Solana (SOL) Price Prediction Tomorrow and Next Week

XRP Stable Yet Gains 5.15% Despite Bearish Signals

XRP is trending with a 24-hour change of 5.15%, priced at $2.23. Trading volume surged to $5,085,475,121, capturing 4.15% market dominance. Weekly gain remains minimal at 0.02%; momentum appears neutral.

XRP’s RSI at 57.80 and CCI at 38.38 suggest stability. MACD shows bearish at 0.007162, with ADX neutral at 11.49. Support stands uncertain; potential upside targets lack clear definition recently.

XRP (XRP) Technical Analysis

XRP has been consolidating in a sideways range between ~$2.00 and ~$2.36 since mid-March, following a downtrend from its February highs. The recent price action shows a breakout attempt from this range, with the current candle pushing up aggressively toward the $2.36 resistance—an important level that previously acted as both support and resistance.

If this breakout sustains, it would mark a shift in trend sentiment, potentially ending the prolonged range-bound movement.

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XRP(XRP), daily chart, screenshot on TradingView at 17:49 UTC on May 8, 2025. Source: TradingView

Today’s candle is a strong bullish engulfing type, closing near the high with nearly +5% gains. Volume is moderately elevated compared to the last two weeks, indicating renewed interest. Previous candles exhibited indecision and tight-range behavior, forming a base.

This breakout candle piercing into resistance reflects bullish intent, but confirmation via follow-through or a successful retest will be key.

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Technical Chart: XRP(XRP) Potential Price Paths on TradingView at 17:49 UTC on May 8, 2025. Source: TradingView

XRP Price Action Scenarios

  • Bullish: If price breaks and holds above $2.36, upside continuation could target $2.60 and eventually $3.00
  • Bearish:If rejection occurs at $2.36, price could slide back to $2.00 or deeper to the $1.85–$1.75 demand zone
  • Neutral: Consolidation between $2.15–$2.36 likely if volume fades after the current push

Read more: XRP (XRP) Price Prediction Tomorrow and Next Week

SUI Surges 19.42% on Bullish Market Sentiment

Sui (SUI) is trending, up 19.42% to $3.91. Its trading volume surged 93.88% to $2,818,347,678. The short-term sentiment is bullish as MACD shows 0.2868, indicating upside continuation alongside a 6.29% weekly gain.

Technical indicators suggest caution as RSI is at 76.72, with MFI at 37.47. StochRSI is 30.30, while SMA alignment (10-200) remains bullish. ADX at 30.41 reflects uncertain trend strength, hinting at possible overbought conditions.

Read more: Sui (SUI) Price Prediction Tomorrow and Next Week

Sui (SUI) Technical Analysis

SUI has broken out decisively from a long multi-month downtrend that bottomed near $1.70. After reclaiming the $2.83 resistance-turned-support, price launched aggressively and is now printing a strong continuation candle above the recent consolidation highs.

This shift marks the first higher high since early February, suggesting the emergence of a new bullish trend. The path toward the previous swing high near $5.36 is now technically open.

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Sui(SUI), daily chart, screenshot on TradingView at 17:51 UTC on May 8, 2025. Source: TradingView

Today’s candle is extremely bullish: large-bodied, minimal upper wick, and a breakout from prior congestion. Volume has surged in tandem, reinforcing the validity of the move and pointing to strong demand absorption.

The breakout from the recent sideways range around $3.00 confirms a continuation pattern. Previous volume buildup below resistance hinted at accumulation.

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Technical Chart: Sui(SUI) Potential Price Paths on TradingView at 17:51 UTC on May 8, 2025. Source: TradingView

Sui Price Action Scenarios

  • Bullish: If price sustains above $3.90, a rally to $4.80–$5.36 is likely
  • Bearish:Rejection below $3.90 with high selling volume may cause a retrace to $2.83
  • Neutral: Choppy action likely between $3.30–$3.90 if volume decreases and buyers hesitate
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Source: https://coincu.com/336440-altcoin-trends-solana-xrp-sui/